Thursday, December 19, 2013

Student of History

I hated History class in school. (I know, we’re not supposed to say hate but that’s honestly how I felt.) I was the kid in class that taunted the teacher with unrelenting comments about the uselessness of memorizing a bunch of facts about dead people. It took decades for me to realize the foolishness of ignoring history. There is nothing new under the sun. Are you a student of history? Do you understand human nature, why we behave the way we do, how our government works, how civilizations actually collapse, why men start wars, and how money works in our families and society? Being a student of history will make you a better investor. History gives us perspective and allows us to learn some lessons the easy way. Worried about a stock market crash? Read about how it occurred in 1929. Worried about the Affordable Care Act? Read about the beginning of social security.  It may not be as stimulating as a Jack Reacher novel but certainly more profitable.